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Polymarket Will Launch Token and Airdrop After U.S. Relaunch, CMO Says
"There will be a token, there will be an airdrop," CMO said as the platform nears an official U.S. return via a regulated exchange.
Oct 24, 2025, 4:21 p.m.
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What to know:
- Polymarket will launch a token and distribute a portion of it to users through an airdrop after it formally relaunches in the United States, its chief marketing officer said.
- The company acquired QCX, a CFTC-regulated derivatives exchange, for $112 million to operate legally in the U.S. market.
- A regulatory filing from September suggests the U.S. launch could happen at any time.
Prediction market Polymarket will launch a token and airdrop a portion of it to users after it officially resumes operations in the U.S., the company’s chief marketing officer confirmed Thursday.
“There will be a token, there will be an airdrop,” Polymarket CMO Matthew Modabber said on the Degenz Live podcast. But the launch isn’t imminent. Modabber said the company is focused first on making a strong return to the U.S. market.
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“Right now our core priority is launching in the U.S. and making a big splash there,” he said. “After we take care of business on the U.S. app and U.S. launch there will be a focus on the token.”
That launch could come any day. Polymarket acquired QCX, a Commodity Futures Trading Commission (CFTC)-registered derivatives exchange, for $112 million earlier this year. The move was widely seen as a way to bring its prediction markets back to U.S. users in a fully regulated format.
A regulatory filing submitted September 30 said, “The Exchange intends to list the Product(s) no earlier than October 2, 2025, which is no earlier than the Commission’s business day following this submission.”
That timing suggests the platform’s U.S. version could go live at any moment.
Modabber didn’t offer details on the token’s mechanics or use cases. But he pointed to the token model of Hyperliquid, a non-custodial perpetual exchange that recently launched a token without initial trading incentives or short-term hype.
“Teams like Hyperliquid who really thought it through will be around forever as a result,” he said.
Polymarket allows users to bet on real-world outcomes — such as election results or sports events — by buying shares in specific outcomes.
The upcoming token will be part of that next phase. But for now, the team is focused on clearing the runway.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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